Invest in your people and they will bring back a high return.
How many people work at your company?
Engaged people are more productive. A very modest 1.5% increase in productivity would benefit you.
$0.00
Figure based on the national average salary of $50,000 and assumes 40% overhead.
Engaged people are healthier people. A decrease in sickness absence by just 1 day per employee would benefit you
$0.00
Figure based on the average salary of $50,000 and assumes 240 annual working days
Engaged employees don’t leave as often. Just a 20% reduction in staff turnover would benefit you.
$0.00
Figure based on the assumption that the cost of recruiting, training and covering someone leaving is approximately equivalent to 150% of their annual salary – here taken to be $50,000.
Helping your employees get engaged could benefit you at least
$0.00
Per year!
Assumptions
- 1.5% – Assumed productivity gain.
- 1 – Assumed each employee has one less day off work due to sickness in a year.
- 20% – Assumed reduction in the annual turnover of staff.
- $50,000 – The national Average Wage for 2013 in the US was $53,000. $50,000 is rounded to the nearest $10,000.
- 240 – Average number of working days in a year minus 20 days holiday (including public holidays).
- 150% – The assumed cost of staff turnover as a % of annual salary. There are both direct and indirect costs. Direct costs relate to the leaving costs, replacement costs and transitions costs, and indirect costs relate to the loss of production, reduced performance levels, unnecessary overtime and low morale. 1) Schlesinger, Leonard A.; James L. Heskett (1991 – 04 – 15). “Breaking the Cycle of Failure in Services”. MIT Sloan Management Review 33 (3): 17 – 28 . Retrieved 2009 – 01 – 21 .
- 16 – Assumed rate of staff turnover. This is based on survey data indicating that the average annual rate of staff turnover in employing organizations in the UK is 16%.
- Cost of the ICES Online Certification is $1,995 per participant for a 5 week program. The impact that each participant can reach varies depending on their role and size of company. We see the biggest impact with organizations that implement our Culture Engagement Strategies company wide. Get in touch with our team for a free Cultural Assessment at Support@Evoloshen.com
